13F filing recap · Q4 2018

What did First Pacific Advisors buy in Q4 2018?

Reported stock-position changes between this filing and the previous one. US-listed stocks across every FPA-managed account, including accounts that belong to no fund below.

Stock value

$10.49B

Positions

131

Estimated turnover

18.5%

Turnover is a proxy: verified trade-origin share changes valued at period-end and divided by average reported stock value. SEC holdings reports do not disclose execution dates or prices. Corporate actions and unreconciled activity are excluded.

New positions

SBNYSignature Bank$83.40Mreported value+811.2K shares TDWTidewater Inc$24.70Mreported value+1.29M shares RRyder System, Inc.$4.49Mreported value+93.3K shares FHBFirst Hawaiian, Inc.$4.39Mreported value+195.2K shares LEN.BLennar Corp /new/$655.0Kreported value+20.9K shares CIThe Cigna Group$513.0Kreported value+2.7K shares ADSKAutodesk, Inc.$476.0Kreported value+3.7K shares EAElectronic Arts Inc.$466.0Kreported value+5.9K shares HDSHd Supply Holdings Inc$381.0Kreported value+10.2K shares STZConstellation Brands, Inc.$358.0Kreported value+2.2K shares DISWalt Disney Co/$340.0Kreported value+3.1K shares HIIHuntington Ingalls Industries, Inc.$318.0Kreported value+1.7K shares

Increased positions

AIGAmerican International Group, Inc.$609.82Mreported value+2.38M shares+18.2%CMCSAComcast Corporation$425.50Mreported value+296.5K shares+2.4%AABAAltaba Inc$422.23Mreported value+474.5K shares+7.0%BIDUBaidu, Inc.$383.73Mreported value+208.8K shares

Reduced positions

AVGOBroadcom Inc.$461.60Mreported value-214.0K shares-10.5%HWMHowmet Aerospace Inc.$441.54Mreported value-94.5K shares-0.4%UTXRtx Corporation$384.28Mreported value-223.2K shares-5.8%BACBank of America Corp$371.08Mreported value-2.2K shares

Exited positions

MDLZMondelez International, Inc.$232.91Mprior reported value-5.42M shares-100.0%ARRSArris International Plc$40.82Mprior reported value-1.57M shares-100.0%SAVESpirit Airlines, Inc.$12.40Mprior reported value-264.0K shares-100.0%FOXATwenty-First Century Fox, Inc.$4.95Mprior reported value